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TenneT Signs Consortium to Connect 2GW Dutch Offshore Wind Farm to Grid

Feb 03, 2025

The consortium of pension fund ABP, pension investor APG and wind energy developer SSE has signed a realization agreement with transmission system operator (TSO) TenneT for the Dutch offshore grid connection of 2 GW IJmuiden Ver Alpha wind farm…

Tidal Transit Secures Funding for ‘World’s First’ Electric CTV Fleet

Feb 03, 2025

U.K.-based offshore wind crew transfer vessel (CTV) owner Tidal Transit has secured equity financing from maritime and logistics investor HICO Investment Group to expand its fleet with six new electric CTVs (E-CTVs).The strategic expansion is…

Mitsubishi Reassessing Japan Offshore Wind Projects Amid Market Changes

Feb 03, 2025

Mitsubishi Corp on Monday said it is reviewing how to proceed with its offshore wind projects in Japan given a 'significantly changed' business environment, showing that the country is not immune to rising costs across offshore wind projects globally…

Mexico’s Deepwater Gas Project Up for ‘Substantial Changes’

Feb 03, 2025

Mexican billionaire investor Carlos Slim's team and state energy company Pemex are discussing substantial changes to a deal to develop the country's first deepwater natural gas field, five sources familiar with the matter told Reuters.Slim's…

Guyana to Greenlight Two Oil and Gas Projects This Year

Feb 03, 2025

Guyana's government plans to issue two licenses this year for oil and gas projects, one for Exxon Mobil's seventh development in the country, Hammerhead, and one for the nation's first natural gas development, Energy Minister Vickram Bharrat told Parliament on Friday…

Iberdrola Inaugurates O&M Base for French Offshore Wind Farm

Feb 03, 2025

Iberdrola has inaugurated the operation and maintenance (M&O) centre in Saint-Brieuc, where 80 people will work to service its 496 MW offshore wind farm.The center, located in Binic-Établesm, controls and manages the electricity production and maintenance of the offshore wind farm…

Cadeler’s Wind Mover WTIV Lines Up First Offshore Wind Contracts

Feb 03, 2025

Danish offshore wind installation firm Cadeler has signed two contracts with undisclosed clients for the utilization of its newbuild wind turbine installation vessel (WTIV), Wind Mover, starting immediately upon delivery.The vessel, currently under construction at Hanwha Ocean Shipyard in Korea…

Baker Hughes Hooks Chemicals Supply Deal for ExxonMobil’s Guyana FPSOs

Feb 03, 2025

Energy technology company Baker Hughes has secured a contract from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in Guyana’s Stabroek Block.The multi-year contract includes all topsides…

Higher Oil Output at Permian, Guyana Lifts ExxoMobil’s Quarterly Profit

Jan 31, 2025

ExxonMobil on Friday beat Wall Street's estimate for fourth-quarter profit as higher oil and gas production offset lower oil prices and weaker refining margins.Its adjusted profit was $7.39 billion or $1.67 per share, beating analyst estimates of $1…

Borr Drilling Agrees $125M Payment Settlement with Mexican Client

Jan 31, 2025

Offshore drilling contractor Borr Drilling has agreed to receive payment settlement for approximately $125 million with its major Mexican customer, related to its outstanding receivables.The company expects to collect this amount in the first half of February 2025…

Santos Hires Weststar-GAP for Timor-Leste Offshore Helicopter Services

Jan 31, 2025

Australian oil and gas company Santos has signed a helicopter transportation services contract with Weststar-GAP Aviation for its offshore operations in Timor-Leste’s Bayu-Undan region.Under the $40 million contract, Weststar-GAP Aviation, a joint venture between Timor GAP-Timor Gas Petroleo…

Cadeler Takes Delivery of Its Sixth Wind Turbine Installation Vessel

Jan 31, 2025

Danish offshore wind installation firm Cadeler has taken delivery its new wind turbine installation vessel (WTIV) Wind Maker, the first of the two planned M-class vessels to join its growing fleet.Wind Maker was officially named at a naming ceremony at the Hanwha Ocean Shipyard in Korea…

Ørsted Appoints New CEO as Mads Nipper Steps Down

Jan 31, 2025

Ørsted has appointed Rasmus Errboe, current Deputy CEO and Chief Commercial Officer, as new Group President and CEO of the company replacing Mads Nipper who will step down from his position.Mads Nipper joined Ørsted in January 2021. He will step down as CEO on February 1…

Equinor Assigns Operator for Five New Offshore Helicopters

Jan 31, 2025

Equinor has awarded Tromsø-based Lufttransport RW the assignment of operating five new helicopters from manufacturer Leonardo, which will be used to transport passengers on the Norwegian continental shelf (NCS).The five new helicopters are type AW189 aircraft…

Vattenfall, BASF Pick Delivery Team for German Offshore Wind Farms

Jan 31, 2025

Vattenfall and BASF have signed contracts with four suppliers for key components and installation services for Nordlicht 1 and 2 offshore wind farms, hiring EEW Special Pipe Constructions (SPC), CS WIND Offshore, DEME, and Jan De Nul to deliver the projects…

Current News

Malaysia's Petronas Plans Job Cuts

Malaysia's Petronas Plans Job

Louis Dreyfus, Tidal Transit JV to Supply CTV for French Offshore Wind Farm

Louis Dreyfus, Tidal Transit J

RWE's 302MW Offshore Wind Farm to Help Balance German Power Grid

RWE's 302MW Offshore Wind Farm

TotalEnergies Starts Drilling Ops Offshore Namibia

TotalEnergies Starts Drilling

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